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Late Wednesday, Temasek Holdings informed SGX that about 385.58 million new Singtel shares, worth S$1.61 billion, have been issued and alloted to Atrium Investments, its indirect wholly-owned subsidiary on Nov 17, 2016. This was related to a placement agreement dated August 18, 2016.

In August, Singtel said it had entered into conditional share purchase agreements with Temasek to buy 21 per cent of Intouch Holdings Public Company and 7.39 per cent of Bharti Telecom Limited for S$2.47 billion.

Following the placement, Temasek's direct stake in Singtel is now 49.81 per cent, compared to 51.01 per cent previously. Its total interest in the telco is up at 52.29 per cent, from 51.13 per cent previously.